Evergrande was one of the biggest winners of the property boom in China that began in the late 1990s. Since then, the property developer has become a ubiquitous presence in the Chinese economy: selling bottled water, pig farming, and even making electric cars. But over the past decade, the company has turned into a "debt bomb": ratings agencies believe it's only a matter of time until Evergrande defaults on its $300 billion-plus debt, which could have a massive impact on China's economy. This New York Times article outlines the impending collapse of a former giant.
